Turning Point Financial | Helping You Navigate Personal Finance

Thinking of Dumping Old Tax Records?

Article Highlights: General statute is 3 years Some states are longer Fraud, failure to file and other issues can extend the statute Records to dump Record to Keep Longer I often have clients ask me, “How long should I keep old tax records?” Tired of having all those old tax records taking up drawer or closet space and collecting…

Nathan’s Famous Hot Dog Eating Contest Airs Live July 4th on ESPN

There are certain things in life that just seem impossible to me. Near the top of that list is the amount of food competitive eaters can consume in a very short period of time. I am very impressed by what these super-human eaters can do, mainly because I have no idea how they do it.…

THE IRS IS ISSUING SOME STIMULUS PAYMENTS BY DEBIT CARD; SOME ARE BEING MISTAKEN AS JUNK MAIL AND THROWN OUT

If you are like most Americans, you receive tons of junk mail, which you tend to discard without ever reading. Well, if you haven’t already received your stimulus payment from the feds, maybe you shouldn’t be so quick to throw away those envelopes from unknown senders, at least until you have received your stimulus payment.…

Many people wonder if unemployment income is taxable, and if so, how will it be taxed.

RUNNING LOW ON MONEY? CONGRESS HAS MADE IT EASIER FOR YOU TO TAP YOUR RETIREMENT SAVINGS

Article Highlights COVID-19 Tax Benefits Retirement Plan Withdrawals Waiver of 10% Early Withdrawal Penalty Retirement Plan Loans Roth IRAs Other Sources of Income Way to Reduce Payments If you are struggling financially due to the COVID-19 epidemic, you will be happy to know Congress, as part of the CARES Act enacted on March 27, has made it easier for you to access your…

How to protect yourself from a recession. 9 ways to protect yourself and your family.

CARES Act waives Required Minimum Distributions from retirement accounts for 2020.

The cosmic perspective on self-isolation

This was a great article I found on Axios that has some helpful perspective for our Coronavirus times. Written by Miriam Kramer. The perspective space providesis essential during these troubled times. Why it matters: Astronauts live in isolation and look down on our planet with a view that can bring people out of their own experiences,…

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Thinking of Dumping Old Tax Records?

Nathan’s Famous Hot Dog Eating Contest Airs Live July 4th on ESPN

THE IRS IS ISSUING SOME STIMULUS PAYMENTS BY DEBIT CARD; SOME ARE BEING MISTAKEN AS JUNK MAIL AND THROWN OUT

Is My Unemployment Income Taxable?

RUNNING LOW ON MONEY? CONGRESS HAS MADE IT EASIER FOR YOU TO TAP YOUR RETIREMENT SAVINGS

How To Protect Yourself From A Recession

CARES Act Waives Required Minimum Distributions From Retirement Accounts for 2020

The cosmic perspective on self-isolation

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